Case Study

Home Point Financial cuts purchase review time by 33% with Ellie Mae AIQ

Home Point Financial cuts purchase review time by 33% with Ellie Mae AIQ

Profile • Home Point Financial® • Ann Arbor, Michigan • Wholesale, delegated and non-delegated correspondent, servicing Challenge Reduce amount of time operations staff spends manually comparing and inputting loan document data. Results • Boosted productivity by 33% • Can now compare 500+ fields from loan documents for accuracy • Reduced errors and lower risks • Faster purchase decisions and improved correspondent client service The challenge Home Point Financial identified that operations staff in its delegated correspondent channel were spending a significant amount of time manually comparing data between loan documents and inputting large amounts of data during the intake stage. Because Home Point buys loans that have already been originated, underwritten and clo

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